Anthony Pompliano Launches ProCap Financial With $1B SPAC to Acquire Bitcoin

Highlights:

• ProCap Financial has secured more than $750M to buy Bitcoin and services.
• The firm will go public via a $1B SPAC with CCCM.
• It aims to generate profit from its BTC holdings through financial services.

ProCap Financial has announced a SPAC merger with Columbus Circle Capital Corp I worth $1 billion. The transaction makes the company public with a ticker market symbol of CCCM listed on the Nasdaq. The company has raised more than $750 million in its initial round of fundraising, led by Anthony Pompliano. The capital will be invested in buying Bitcoin and providing financial services based on the BTC possession.

As per the press release, equity investment contributed $516.5 million, with convertible notes raising $235 million. The business intends to spend the money shortly, purchasing Bitcoin 15 days after completing the deal. Such a proactive move places ProCap Financial ahead of others who are yet to receive approvals. Investors get direct exposure to Bitcoin on the first day compared to other such ventures.

Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services.

The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle…

— Anthony Pompliano (@APompliano) June 23, 2025

The firm aims to establish itself as a leading firm in the emerging Bitcoin treasury companies. With the increasing demand for crypto-native finance, the structure provides asset exposure and factor revenue in the future. The Pompliano strategy combines traditional capital discipline with the rapidity and transparency of digital assets. The company does not merely intend to possess Bitcoin but rather develop a working business over those assets.

A Bitcoin Treasury That Offers More Than Storage

The focus of ProCap Financial is on purchasing Bitcoin on its balance sheet and creating profits via financial products. In addition, it will provide lending, trading and capital markets services in Bitcoin. Consequently, this makes it different from companies that only invest passively in Bitcoin.

The company desires to resemble the structure of other firms, such as Goldman Sachs, however, on a Bitcoin platform. This solution will help to attract both traditional and crypto-native investors. Moreover, it benefits ProCap because it has a time advantage on capital deployment in a crowded space. Whereas other companies wait for legal filings, ProCap proceeds with its treasury plan.

The firm would deploy it immediately and eliminate the risk of price volatility of BTC and be ahead in the market. With this efficiency in operations, it becomes better positioned in the market. The strategy of providing services together with holdings provides the company with more revenue sources. With growing institutional interest in Bitcoin, the dual structure of ProCap may be useful to capital allocators wanting a stable return.

Institutional Backing and Strategic Market Timing

This is the largest fundraising of a publicly traded Bitcoin treasury company in history. The flexibility of ProCap in raising and utilizing capital was through its merger structure. That contrasts it with other SPAC-based treasury plays still trying to overcome regulatory holdups.

ProCap, in its turn, joins an industry that is fast developing, with more than 200 companies currently owning a total of 765,000 BTC. The company will take a strategic approach in the use of its balance sheet as it creates products to cash in on the Bitcoin network. Furthermore, this comprises revenue-generating tools and risk-reduced revenue models constructed over the blockchain. ProCap plans to be an active financial services platform in addition to a treasury vehicle.

Following this plan, ProCap will join the list of companies such as the Strategy of Michael Saylor, but with a more service-based roadmap. It aims to establish a sustainable corporation that has a constant stream of cash in Bitcoin-based services. The timing of the company coincides with the broader changes towards a wider use of crypto by large investors.